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Property profile & analytics
OFF-MARKET
Estimated value
$12,355,000
Office buildings
16835 Rockaway Blvd, Jamaica, NY 11434-5221
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-5526271
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1992
Total area
39,000 SF
Lot
1.87 ac (81,327 SF)
Zoning code
M1-1
APN
13366-0020
UPID
US63-5526271
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.78M
Blend (final)
Blend
$12.36M
Owner & transaction history
168-35 Rockaway Property Owner, LLC · 1 yrs held
168-35 Rockaway Property Owner, LLC
since 2024
7 recorded transactions
Zoning & alternative use
M1-1 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$18.7M
+29.7%
Warehouse, storage
$17.4M
+20.5%
Retail stores
$16.8M
+16.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,430,000
Current use
INDUSTRIAL (GENERAL)
$18,710,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,385,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$16,780,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$12.36M
Range $11.12M – $13.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$317 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$351,536
Tax year 2024
Assessed value
$3,632,850
Assessed 2024
Previous assessed
$3,632,850
+0.0% YoY
Effective rate
9.68%
On assessed value
Assessed land
$1,170,000
Assessed improvement
$2,462,850
Land market value
$2,600,000
Improvement market value
$5,473,000
Total market value
$8,073,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
39,000 SF
Lot
1.87 ac (81,327 SF)
Zoning code
M1-1
APN
13366-0020
UPID
US63-5526271
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Jamaica, NY
Zoning M1-1 · permitted uses
M1-1 · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.4M
INDUSTRIAL (GENERAL)
Est. value
$18.7M
WAREHOUSE, STORAGE
Est. value
$17.4M
RETAIL STORES
Est. value
$16.8M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
168-35 Rockaway Property Owner, LLC
Entity
Mailing address
3056 WHITESTONE EXPY STE #300, FLUSHING, NY 11354-1966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
168-35 Rockaway Property Owner, LLC
Rockaway Triangle Associates/jamaic
Deed
$15,100,000 · Goldman Sachs Bank USA
Jun 26, 2017
—
Rockaway Triangle Assocs Of Jamai
—
Loan Modification, Consolidation And Extension
related
$10,500,000 · People's United Bk
—
—
Rockaway Triangle Associates Etal
—
Loan Modification
related
$9,000,000 · People's United Bk
—
—
Rockaway Triangle Assocs Of Jamai
—
Deed Of Trust
related
$1,500,000 · People's United Bk
—
—
Rockaway Triangle Assocs Of Jamai
—
Deed Of Trust
related
$2,264,905 · People's United Bk
—
—
Rockaway Triangle Assocs Of Jamai
—
Loan Modification
related
$1,500,000 · People's United Bk
—
—
Rockaway Triangle Associates/j
—
Deed Of Trust
related
$7,396,887 · Cibc INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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